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Line 5: + − + − ''His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.''<ref>[http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.] </ref> </blockquote>
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'''Andrew W. Mellon''' (1855-1937), American Secretary of the Treasury 1921-1932, American ambassador to Great Britain 1932-1933, co-endower and co-eponym of Carnegie Mellon University, art collector, financier and philanthropist, founder and endower National Gallery of Art.
'''Andrew W. Mellon''' (Pittsburgh 1855 - 1937), American Secretary of the Treasury 1921-1932, American ambassador to Great Britain 1932-1933, co-endower and co-eponym of Carnegie Mellon University, art collector, financier and philanthropist, founder and endower National Gallery of Art.
He was appointed Secretary of the Treasury by President [[Warren G. Harding]] in 1921.
He was appointed Secretary of the Treasury by President [[Warren G. Harding]] in 1921.
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<blockquote style="background: #F9F9F9; border: 1px solid #AAAAAA; padding: .3em;">
''His theory was that big business would prosper in proportion to the lightening of its tax load and its profit, would be transferred to the rest of the nation.''<ref>[http://www.treas.gov/education/history/secretaries/awmellon.shtml Mellon's philosophy.] </ref> </blockquote>
Mellon ranked, at the time, as one of the richest people in the world.
The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities.
The Andrew W. Mellon Foundation was formed on June 30, 1969. The Foundation philosophy is to build, strengthen and sustain institutions and their core capacities.